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Micro-Entries: Beyond the Approved Ballot

Description

Event Details*
Tuesday, April 19, 2022
2:00 - 3:15 pm ET
Webinar; 1.5 AAP/APRP CEU Eligible
Learning Level: Intermediate to Advanced

Event Registration**
Member Price: $225.00
Non-Member Price: $325.00


On January 31, 2022, NACHA passed a new ACH Rule that affects micro-entries (aka, micro-deposits or “test transactions”). The new Rule goes into effect in two phases: Phase 1 by September 16, 2022, and Phase 2 by March 17, 2023. The goal is to improve the quality of these entries in the network while reducing the fraud potential and continued misuse of micro-entries. 

This interactive 75-minute webinar assists ODFIs and RDFIs in breaking down the implications of the new Rule, from the identified challenges that led to a ballot to actionable intel every institution needs to know. 

Join NEACH’s very own CEO Sean Carter and fraud expert Rayleen Pirnie as they unveil the Rule requirements, highlighting the benefits and impacts to participants in the network. From provisions that affect policy and procedures to your institutions vendor management program, we’ll expose variables beyond the new Rule requirements to prepare participants in their critical compliance role to reduce risk and fraud potential.  

Attendees will receive valuable takeaways, including a case study identifying how one RDFI stopped a $400,000 fraud by monitoring and investigating micro-entries and pre-written educational materials! 


Learning Objectives:

• Examine the current environment and the reasons for the new Micro-entries ACH Rule
• Prepare for the new Rule
• Distinguish ODFI and RDFI implications
• Assess necessary internal changes


Speakers:

Sean Carter, AAP, NCP, President & CEO, NEACH
Rayleen M. Pirnie, BCJ, AAP, CERP, Director, Risk & Fraud, NEACH 


Audience:
• AAPs
• ACH Coordinator
• APRPs
• Audit
• CEO
• COO
• Executive/Senior Management
• Financial Institutions
• Operations
• Payment Strategy
• Product Management
• Risk/Compliance



*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.



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